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Things to Consider when buying
a Home
Typical Home Purchase Procedure
Estimating Your Closing Costs
Checklist for moving
The Attorney
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Things to Consider When Buying a Home
- Affordability: You have taken the first step by prequalifying
with a bank or mortgage company.
- Lifestyle: Think about what you want and need in a home. Are
you a gardener or a fixer-upper, etc? Do you hate yard work and want
a no-hassle condo? Make a list of the "must-haves" and the "love-to-haves".
Stick to the list. Buying a home is like buying a car. The sports model
is designed to appeal to your senses but may not meet your real needs
in the snow, etc. Agree to respect your partner's thoughts even if you
hate the house!
- Location: "Location, Location, Location" are the three most
important factors in buying real estate as the old saying goes. You
should consider commuting time. What is in the neighborhood? Is the
tax rate compatible with your budget? Do the schools meet your standards
and expectations?
- Condition: Look at the condition of the major systems in the
home including the roof, heating, plumbing, flooring, windows and electric.
ALWAYS have a home inspection. Attention should be given to Title V
and the Protection of Wetlands. Ask Pam or Louise to check in the zoning
for the property. If you plan to add on or make changes, share your
thoughts with us. If there is a dog training school, garage repair shop
or other interest in your future, we will investigate if local regulations
allow it. You do not want any surprises later!
When you find a home that you are interested in, discuss your pricing
strategy with your buyer's agent. Set up a continuum of wants and needs
including price, closing date, inspections, items you want included or
removed, i.e., curtains, appliances, the old car in the yard, any financing
needs or contingencies, and deadlines for seller's response to your offer.
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